This property might be a fair Mid-Term investment with a projected 2.15% first-year return on $63,612 initial cash invested.
2.15%
Cash On Cash
7.79%
Cap Rate
1.17
DSCR
$2,319
Rent
$114
Cashflow
Cash Flow
$2,319 income − $2,205 expenses = $114 cash flow
Investment Breakdown
|
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,612
Downpayment
20%
$43,440
Closing costs
1%
$2,172
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,319
Total Expenses
$2,205
Mortgage P&I
52%
$1,203
Property Taxes
6%
$129
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$255